Shopify Inc. (NASDAQ:SHOP) Stock Rated “Moderate Buy” by Wall Street Analysts

by · The Cerbat Gem

Shares of Shopify Inc. (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) have been given an average rating of “Moderate Buy” by the forty-seven research firms that are presently covering the company, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation, thirty-five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $172.13.

A number of brokerages recently commented on SHOP. Zacks Research lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Canaccord Genuity Group set a $180.00 price objective on Shopify and gave the stock a “buy” rating in a report on Wednesday, August 5th. Rosenblatt Securities started coverage on Shopify in a research report on Thursday, August 20th. They issued a “buy” rating and a $175.00 target price on the stock. Seaport Research Partners reaffirmed a “buy” rating and issued a $175.00 target price on shares of Shopify in a research report on Monday, August 17th. Finally, DA Davidson set a $200.00 target price on Shopify and gave the stock a “buy” rating in a research note on Thursday, August 6th.

Read Our Latest Stock Report on Shopify

More Shopify News

Here are the key news stories impacting Shopify this week:

  • Positive Sentiment: Meta AI checkout partnership supports long-term growth. Meta’s Muse shopping agent can browse Shopify stores and complete purchases through Shop Pay. Shopify says agent-driven orders carry economics similar to conventional online-store transactions, potentially expanding checkout volume and monetization without requiring merchants to change platforms. Amazon Blocked Meta’s AI Shopping Agent. Shopify Welcomed It — and Gets Paid on Every Checkout.
  • Positive Sentiment: Analyst support remains constructive. Wedbush reaffirmed an “outperform” rating and set a $176 price target, implying meaningful upside from the referenced share price. Wedbush Shopify rating and price target
  • Positive Sentiment: Third-party commerce data highlights ecosystem momentum. Shopify partner Zefir reported more than $530 million in attributed WhatsApp revenue for Shopify brands across 317 e-commerce businesses, underscoring potential demand for social-commerce and automated marketing tools. Zefir Surpasses $530 Million in WhatsApp Revenue for Shopify Brands
  • Neutral Sentiment: Short-interest data is inconclusive. One report describes a large September increase but also lists total short interest at zero shares and zero days to cover, suggesting a likely data inconsistency rather than a dependable trading signal.
  • Negative Sentiment: Profit-taking and valuation concerns continue to pressure the stock. After the Meta-related rally, Shopify shares declined as the initial enthusiasm faded. Commentary also notes that earnings-estimate revisions do not currently support another sustained advance, while the stock’s elevated valuation leaves it vulnerable to disappointment. Shopify Moves Higher: Will This Strength Last?

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Tsfg LLC grew its stake in Shopify by 4.0% in the 2nd quarter. Tsfg LLC now owns 2,028 shares of the software maker’s stock valued at $232,000 after acquiring an additional 78 shares during the last quarter. Parr Mcknight Wealth Management Group LLC raised its position in Shopify by 3.1% during the first quarter. Parr Mcknight Wealth Management Group LLC now owns 2,762 shares of the software maker’s stock worth $328,000 after acquiring an additional 84 shares during the last quarter. Caerus Investment Advisors LLC raised its position in Shopify by 5.6% during the first quarter. Caerus Investment Advisors LLC now owns 1,688 shares of the software maker’s stock worth $200,000 after acquiring an additional 90 shares during the last quarter. Canvas Wealth Advisors LLC lifted its holdings in shares of Shopify by 1.1% in the second quarter. Canvas Wealth Advisors LLC now owns 8,356 shares of the software maker’s stock valued at $954,000 after purchasing an additional 93 shares in the last quarter. Finally, Optas LLC lifted its holdings in shares of Shopify by 5.6% in the first quarter. Optas LLC now owns 1,808 shares of the software maker’s stock valued at $214,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 69.27% of the company’s stock.

Shopify Price Performance

NASDAQ:SHOP opened at $145.16 on Friday. Shopify has a one year low of $94.00 and a one year high of $182.19. The company has a market cap of $186.77 billion, a P/E ratio of 98.08, a P/E/G ratio of 3.00 and a beta of 2.61. The firm’s fifty day moving average price is $138.01 and its two-hundred day moving average price is $123.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.35 and a quick ratio of 5.35.

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last issued its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. The company had revenue of $3.58 billion for the quarter. Shopify had a net margin of 14.53% and a return on equity of 12.58%. Shopify’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Equities analysts expect that Shopify will post 1.46 earnings per share for the current year.

About Shopify

(Get Free Report)

Shopify Inc (NASDAQ:SHOP) is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow retail operations. Its platform enables merchants to create and manage online stores, sell through social media and other digital channels, and support in-person sales through Shopify’s point-of-sale solutions.

Shopify’s products and services include online storefront and website-building tools, payment processing through Shopify Payments, point-of-sale hardware and software, inventory and order management, shipping and fulfillment tools, marketing features, analytics, and financing services for eligible merchants.

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